Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: ORD 19-90    Name:
Type: Ordinance Status: Passed
In control: President and Board of Trustees
On agenda: 12/2/2019 Final action: 12/2/2019
Title: An Ordinance Adopting the Budget for All Corporate Purposes of the Village of Oak Park, Cook County, Illinois in Lieu of the Appropriation Ordinance for the Fiscal Year Commencing on the First Day of January, 2020 and Ending on the Thirty-First Day of December, 2020
Attachments: 1. FY20 Recommended Budget for Adoption, 2. Budget Cuts Memo 11-26-19

Submitted By                     

Steven Drazner, Finance Department

 

Reviewed By

LKS

 

Agenda Item Title

Title

An Ordinance Adopting the Budget for All Corporate Purposes of the Village of Oak Park, Cook County, Illinois in Lieu of the Appropriation Ordinance for the Fiscal Year Commencing on the First Day of January, 2020 and Ending on the Thirty-First Day of December, 2020

 

End

Overview

Overview

A Public Hearing on the Proposed FY2020 Budget was held on November 18, 2019 in addition to several public meetings held to discuss the budget by the Finance Committee of the Village Board and the Full Village Board.  This item is the final action for adoption of the FY20 Budget.

 

Body

Staff Recommendation

Approve the Ordinance.

 

Fiscal Impact

The Ordinance appropriates the Fiscal Year 2020 Budget.

 

Background

The final document presented as the FY20 Budget includes numerous schedules, narratives, graphs, and detailed financial information which provides legal authority for Village spending in fiscal year 2020.  As in prior years, budget amendments may be brought forth for Board approval on a quarterly basis to adjust certain accounts as deemed necessary.

 

Please note that the Village Manager’s budget message/transmittal letter has not included in the Recommended PDF budget presented herein for adoption, however, the letter will be finalized after budget adoption and included in the final print version of the Adopted FY20 Budget.  

 

 

Alternatives

The Village Board is required to adopt the Fiscal Year 2020 Budget prior to December 31, 2019.

 

Previous Board Action

The Village Board approved the FY19 Budget at its meeting on December 10, 2018.

 

Citizen Advisory Commission Action

N/A.

 

Anticipated Future Actions/Commitments

N/A.

 

Intergovernmental Cooperation Opportunities

N/A.

 

Performance Management (MAP) Alignment

N/A